VR Gaming Start-Up Playsnak Raises $2.5M in Seed Funding Including a New Investment from Japan’s gumi Inc.

BERLIN – 30 May, 2017 – Virtual reality gaming start-up Playsnak today announced it has secured an additional $1.2 million USD seed investment from global publisher and developer gumi Inc. This investment completes its initial seed funding round with a total of $2.5 million from backers, including an investment of $1.3 million from South Korea’s K Cube Ventures last year.

Playsnak, which was founded in 2015 and has offices in Berlin and Los Angeles, will leverage the funding from this latest round for its development pipeline.

Tokyo-based gumi Inc. said the investment reflected both the scale of its global ambitions and Playsnak’s early promise in the VR spaces. CEO of gumi Inc., Hironao Kunimitsu, said: “We’ve been extremely impressed by what Playsnak has been able to achieve in the short period of time the company has been up and running. Its focus on creating first-class VR experiences fits perfectly with our own portfolio of products and ambitions to break new ground for gamers, and we believe this strategic partnership opens the door to exciting opportunities for both parties.”

Playsnak CEO, Paha Schulz, said: “Investment from a well-established partner like gumi offers further affirmation that our vision for innovative VR content is on the right track. This funding will bolster our position and expand our capabilities as we build towards the announcement of our first VR game IP in the next weeks. We’re grateful to all our investors for their faith in us, and we look forward to giving players a first look at what we’ve been working on very soon.”

To read more about Playsnak and stay up to date with all the company’s latest news as they prepare to unveil their debut title, visit http://playsnak.com.

 

 

For further information, please email contact@playsnak.com.

 

About Playsnak

Founded in 2015, Playsnak is a global next-generation games company with offices in Berlin, Germany and Los Angeles, USA. Playsnak strives to create groundbreaking experiences for the maturing VR and AR markets. For more information, please visit http://playsnak.com.

 

About gumi Inc.

Founded in 2007, gumi Inc. (Tokyo Stock Exchange: 3903) is a leading global mobile game publisher and developer headquartered in Japan, with overseas operations in France, Korea, Singapore, Taiwan and the United States. The company has proven success in launching titles worldwide, such as the widely popular role-playing games Brave Frontier and Phantom of the Kill. With ongoing publishing and development projects on various platforms, including iOS, Android, and more, gumi aims to change the world through innovative entertainment products and services, including both original content and collaborations with popular IP. For more information, please visit http://www.gu3.co.jp/en/ .

Playsnak & Friends VR Summit 2017

Last week, we attended the Playsnak & Friends VR Web Summit in Berlin. A 3 day meeting of the minds, the summit brought together a hand picked selection of some extremely talented VR content creators and developers to talk shop, share and pitch their projects. Investors from K Cube Ventures, Seahorn Capital and Stonebridge Capital were also in attendance.

Day 1 – Playsnak Day

On the first day, Playsnak presented their company and their upcoming VR game projects. This included a very insightful VR market report, their publishing strategy, R&D and prototyping culture approach, and their VR Investment strategy, both today & into the future.

 

Upcoming Playsnak Games

  • Spirit Hunter – Set in a world of eternal winter, you play a Shaman Hunter that is trying to bring balance back to nature by ridding the land of evil spirits that have taken over the wildlife. With the ability to change animal shapes and move around the open world, you must eventually find and defeat the Great White Stag who has been infected, bringing nature back in balance, thus ending the eternal winter.
  • Neon Seoul – A fast-paced hoverbike game set in a neon cyber-punk universe, where the player is trying to weave through through the cities highways to deliver a package for the mob. In your way is the Seoul City Cops trying to stop you dead in your tracks.
  • Escher: A mind-bending 1-2 Player Co-Op puzzle game where one player manipulates the world in VR while another player with a gamepad, outside of VR, tries to platform their way to the escape zone.

We will share more info about these games as it becomes available. All we can say for now is that they look AMAZING!

Day 2 – Friends Day

On the second day, we had a chance to hear presentations from:

Reality Reflection

Reality Reflection is a VR studio located in Seoul, South Korea. They are currently working on a number of VR games as well as a collaborative project called Private Concert, where they scan popular musicians (Kpop star HiNi) into 3D and recreate an interactive private VR concert.

booomVR

booomVR is a virtual reality web browser and content aggregation platform. This is a project that I am personally involved in and it was great to get a chance to show it off to a room full of VR industry professionals. We received some great feedback and lots of news will be coming soon!

Innerspace VR

InnerspaceVR is a VR development studio based in Los Angeles, CA, with production offices in Paris, France- They are focused on creating premium VR entertainment and we had a chance to see a demo of some of their really beautiful VR experiences including Firebird, a Fantasia-inspired musical franchise as well as their new Dollhouse Development Framework

Untold Games

Untold Games, which is based out of Italy presented some upcoming games, including a really twisted but slick looking mystery / film noir adventure where you play both detective and killer. The video below is from their last year’s VR release of Loading Human.

Stratosphere Games

Stratosphere Games is a Berlin based AAA mobile development studio. They gave us a preview of some of their most recent games, including Warzone and Nemesis. Although their games are currently mobile, they mentioned that they are experimenting with VR. More news when that becomes available.

Wonderlamp Industries

Wonderlamp Industries gave us a demonstration of their new software App for Gear VR called DJINNI. Based on it’s patented CINE-ENGINE® technology it is designed to make Virtual Reality (VR) content production available to anyone. The App puts you in a virtual world and lets you direct virtual actors inside this virtual setting without having to be an animation expert.

Booster Space

Booster Space is an event-specialist and brand-builder based in Berlin with a global network of partners and contacts. They gave us a preview of their upcoming VR game Duel VR.

apelab

apelab creates interactive, story-driven VR and AR content and development  tools. We were given a preview of some of their amazing looking cinematic VR experiences as well as an overview of their upcoming SpatialStories development platform, for creating story driven concepts easily in VR.

MiriquidFilm

MiriquidFilm (Couldn’t find a link) presented an interactive 360 VR film concept for HTC VIVE where the user takes a “choose your own adventure” approach during WWII Germany. The concept will mix 360 video, 3D and video capture into an interesting historical adventure. We will definitely share more when it is available.

Day 3 – Fraunhofer Institute Visit Day

On Day 3 we had a tour of Berlin’s Fraunhofer Institute of Technology, including and overview of their immersive technologies, volumetric video and a demo of their OmniCam which is a mirror based panoramic camera.



We also had a visit to their TIME-Lab which is a stunning 180° cinema experience. The TIME-Lab videos were shot with their OmniCam, which is impressive enough in itself, but wow… the audio in this room is amazing.

 

 

Official Dinner – (Korean BBQ!)

Of course, we had to top off the summit with an official dinner at Arirang Berlin. I’m still full! In summary, we had a great time, saw some amazing upcoming VR projects, and met a lot of talented people.

A special thanks to Playsnak for the invitation and their hospitality! We are definitely looking forward to next year’s summit and will keep you updated if we hear any news.

 

About Playsnak

Founded in 2015, Playsnak is a global Next-Generation game company based in Berlin, Germany & Los Angeles, California. Playsnak is targeting to systematically building a true global next-gen game company in the time of maturing global mobile gaming market and shift to VR & AR immersive gaming market. Playsnak focuses on publishing 3rd party mobile games from Asia in the Western market and developing high-quality VR games to become a leading next-generation game company. For more information, visit http://playsnak.com.

About K Cube Ventures

Playsnak is funded by K Cube Ventures, an early-stage venture capital firm, founded in April 2012, with the vision of harnessing the power of startups to change our world. As an investment arm of Kakao Corporation, K Cube Ventures has focused on investing in promising ICT/SW startups, primarily in mobile, tech, and game categories, between $100,000 and $2 million per startup. K Cube Ventures believes that early-stage startups not only need financial support, but they also need experienced mentors. With this in mind, K Cube Ventures assists startups in the areas of business development, networking, team building, strategy consulting, investment and financial affairs, HR and PR, and management. K Cube Ventures will continue to contribute to the creation of the virtuous circulation of venture ecology by permanently supporting various resource projects as well as financial support to portfolio companies. For more information, visit http://kcubeventures.co.kr/en.

For press inquiries: contact@playsnak.com


The original article can be found here.

Playsnak & Friends VR Summit 2017

Playsnak secures $1.3M Seed Investment from K Cube Ventures

playsnak-and-kcube

Berlin (Germany) – October 31, 2016 – Playsnak, a next generation game company focusing on mobile & VR games, today announces that it has raised $1.3M of seed investment from South Korean Venture Capital investment firm K Cube Ventures.

Playsnak is a Berlin, Germany / Los Angeles, California based next generation game company focusing on mobile & VR game development & publishing. Led by industry veteran Paha Schulz and co-founded with diverse industry veterans with average 15 years+ work experience from the game & entertainment industry with collective CVs counting Crytek, NCsoft, Electronic Arts & Nintendo, Playsnak is comprised of veterans with massive experiences & know-how of game publishing business & game development.

In the time of the global games industry with maturing mobile games market & rising VR games market, Playsnak focuses on publishing 3rd party mobile games from Asia in the Western market and developing high-quality VR games to become a leading next-generation game company.

K Cube Ventures is a Seoul, South Korea based venture capital firm focusing on early investments mainly in mobile, tech and game related startups.

“Through this funding Playsnak will focus on developing and finding innovative VR & mobile games, as well as focusing on bringing the Asian and Western game market closer together and becoming a true global player in the game industry” said Paha Schulz, Founder & CEO of Playsnak.

“Playnak is an internationally diverse and highly experienced team with extensive cutting-edge experiences in VR content development and global game business” said Andy Shin, Partner at Kcube Ventures who led this deal. “We expect that Playsnak will lead the game market with their in-house competency to develop innovative VR content and diverse global business competency in the evolving next-generation game market.”

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About Playsnak

Founded in 2015, Playsnak is a global Next-Generation game company based in Berlin, Germany & Los Angeles, California. Playsnak is targeting to systematically building a true global next-gen game company in the time of maturing global mobile gaming market and shift to VR & AR immersive gaming market. Playsnak focuses on publishing 3rd party mobile games from Asia in the Western market and developing high-quality VR games to become a leading next-generation game company. For more information, visit http://playsnak.com.

About K Cube Ventures

K Cube Ventures is an early-stage venture capital firm, founded in April 2012, with the vision of harnessing the power of startups to change our world. As an investment arm of Kakao Corporation, K Cube Ventures has focused on investing in promising ICT/SW startups, primarily in mobile, tech, and game categories, between $100,000 and $2 million per startup. K Cube Ventures believes that early-stage startups not only need financial support, but they also need experienced mentors. With this in mind, K Cube Ventures assists startups in the areas of business development, networking, team building, strategy consulting, investment and financial affairs, HR and PR, and management. K Cube Ventures will continue to contribute to the creation of the virtuous circulation of venture ecology by permanently supporting various resource projects as well as financial support to portfolio companies. For more information, visit http://kcubeventures.co.kr/en.

For press inquiries: contact@playsnak.com

About Playsnak

pahaPlaysnak GmbH is a 2015 newly found mobile games publisher based in Berlin, Germany, with the mission to provide Games-as-a-Lifestyle games to gamers around the world.

Playsnak publishes self-developed first party games as well as second and third party games from talented mobile game developers around the world.

The biggest mission is to bring the global mobile games market closer. Bringing Asian mobile games to the Western market and vice versa, Playsnak focuses on building a quality portfolio of global mobile games.

Puzzle Caffe starts beta test on Google play!

Today, Berlin-based mobile game publisher Playsnak starts open beta with its first mobile game Puzzle Caffe on Google Play on the Android mobile platform. Any android phone or tablet user who as access to google play and a compatible device can join the beta and download the game for free after opting in for the beta.

Puzzle Caffe is a mobile sliding puzzle game based on a coffee theme. The player plays a dynamic sliding puzzle game to progress, collects coins to unlock new “Caffe”, which its recipes serve as different puzzle combining mechanism. Gamers will play to collect all 50+ Caffe variations to combine the perfect Caffe Menu to compete in the dynamic puzzle. As a Games-as-a-Lifestyle game, Playsnak promises to constantly update the Caffe roster.

The open beta of Puzzle Caffe on Google Play is going to provide gamers the opportunity to enter the game early, while Playsnak will utilize the beta to optimize the user experience until final release. Non-beta full release of Puzzle Caffe will happen in the coming weeks, as well as expansion into other platforms including iOS.

Playsnak, a freemium mobile game company

Playsnak is a mobile games publisher with a mission to provide Games-as-a-Lifestyle games to gamers around the world.

Playsnak publishes self-developed first party games as well as second and third party games from talented mobile game developers around the world.

The biggest mission is to bring the global mobile games market closer. Bringing Asian mobile games to the Western market and vice versa, Playsnak focuses on building a quality portfolio of global mobile games